Mitch's Weekly Market Report
Indianapolis, IN 46239
Condos/Townhomes
ToHelpUMove Inc.| Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46239
Sun Feb 23 2025
This week the median list price for Indianapolis, IN 46239 is $286,490 with the market action index hovering around 26. This is an increase over last month's market action index of 21. Inventory has decreased to 10.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $286,490 | |
| Median Price of New Listings | $207,900 | |
| Per Square Foot | $175 | |
| Average Days on Market | 101 | |
| Median Days on Market | 102 | |
| Price Decreased | 90% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 10 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $304,990 | 1,918 | 4,500 - 6,500 sqft | 2 | 2.5 | 1 | 0 | 0 | 98 |
| $297,490 | 1,716 | 4,500 - 6,500 sqft | 3 | 2 | 1 | 0 | 1 | 101 |
| $284,990 | 1,495 | 6,500 - 8,000 sqft | 2 | 2.5 | 1 | 0 | 0 | 133 |
| $278,990 | 1,495 | 6,500 - 8,000 sqft | 2 | 2 | 1 | 1 | 0 | 98 |